Wade G W & Inc. boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,578 shares of the company’s stock after purchasing an additional 2,043 shares during the quarter. Wade G W & Inc.’s holdings in The Coca-Cola were worth $10,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of KO. Vanguard Group Inc. raised its stake in shares of The Coca-Cola by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after purchasing an additional 4,818,963 shares during the last quarter. BlackRock Inc. raised its stake in shares of The Coca-Cola by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after purchasing an additional 750,257 shares during the last quarter. Capital World Investors grew its holdings in The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after acquiring an additional 11,593,679 shares during the period. Northern Trust Corp grew its holdings in The Coca-Cola by 4.5% during the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after acquiring an additional 2,167,225 shares during the period. Finally, Capital International Investors grew its holdings in The Coca-Cola by 1.0% during the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after acquiring an additional 383,733 shares during the period. 66.03% of the stock is currently owned by institutional investors.
KO has been the topic of several analyst reports. Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the stock a “buy” rating in a report on Wednesday, December 27th. Jefferies Group set a $50.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, January 4th. Vetr lowered The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 target price on the stock. in a report on Monday, January 8th. Goldman Sachs set a $49.00 target price on The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, January 10th. Finally, Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $46.04 to $55.00 in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.09.
In related news, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer K. Mann sold 1,883 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. Following the transaction, the insider now directly owns 98,995 shares of the company’s stock, valued at $4,454,775. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.
Shares of NYSE:KO opened at $43.07 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $187,614.53, a PE ratio of 22.55, a PEG ratio of 2.55 and a beta of 0.72. The Coca-Cola Company has a 1 year low of $42.19 and a 1 year high of $48.62.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.01. The firm had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.32 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The business’s revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. research analysts anticipate that The Coca-Cola Company will post 2.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a $0.39 dividend. The ex-dividend date was Wednesday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.62%. The Coca-Cola’s payout ratio is currently 81.68%.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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